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Dec 4, 2012
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january 2, 2013, $110 billion in fiscal cliff spending cuts due to begin. march 27, 2013, funding of the federal government expires. august 1, 2013, white house's suggested deadline for resolving major changes to the tax code and entitlements. ron has this to say about the fiscal cliff -- let's hear from ray in philadelphia, a republican caller. caller: good morning. i think the republicans have to get out a better message. if we realize we ran out of money for all the programs we are having, what is going to happen in another 10 years? what happens is, these people earning more than $250,000, they worked from the age of 18 to move up the ladder and finally reached success. the pint the republicans have to make is it is time to lower taxes on middle-class families. it has reached a pinnacle. it is time to may be lower taxes on the middle-class. we have to cut spending because the economy is in such bad positicondition. democrats keep pointing out that 98% of businesses are less than $250,000. 98% of people working in those businesses -- with that went to in
january 2, 2013, $110 billion in fiscal cliff spending cuts due to begin. march 27, 2013, funding of the federal government expires. august 1, 2013, white house's suggested deadline for resolving major changes to the tax code and entitlements. ron has this to say about the fiscal cliff -- let's hear from ray in philadelphia, a republican caller. caller: good morning. i think the republicans have to get out a better message. if we realize we ran out of money for all the programs we are having,...
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Dec 6, 2012
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i have two questions concerning the fiscal cliff. the cash cuts that republicans -- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we wasting our money? democrats want to cut taxes. host: armstrong williams? guest: we haven't gotten to affordable care and medicare and medicaid. if affordable care was administered correctly and if he did not have the special interest groups and if tort reform was not included, package you move forward in making health care work for anyone if you do not bring tort reform to the table? the medical malpractice lawsuits are out of control where doctors are paranoid and have to think twice before going through these procedures. it becomes a nightmare
i have two questions concerning the fiscal cliff. the cash cuts that republicans -- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we...
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Dec 6, 2012
12/12
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lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are animating how severe that will be -- are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the very minimum, the cliff needs to be scaled back so it is only a hit to gdp at 1.5% -- 1.5 percentage points at most. if you have more of a drive than that, it it becomes it. the economy will weaken. the budget deduction will deteri
lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that,...
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Dec 7, 2012
12/12
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lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. -- an issue fairly soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the very minimum, the cliff needs to be scaled back so it is only a hit to gdp at 1.5 percentage points at most. if you have more of a drive than that, it it becomes it. -- if you have more vague d rag than that, it becomes unsustainable. the economy
lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. -- an issue fairly soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still...
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Nov 29, 2012
11/12
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and going over the fiscal cliff. he is out campaigning. last year he was campaigning and he is not being president. he is not negotiating that he said he was going to be, he is campaigning and/or golfing. where is this story? themaking two cases to republicans and the democrats who listen. i believe we should have the negotiations on the fiscal cliff. that's two things. $500 billion tax increase, the 2001, 2003 tax cuts lapsing and sequestration of spending restraint. it is a good thing, but saving $100 billion, -- >> not a common republican point of view. a lot of defense cuts. >> the head of the conservative caucus, 60% of most conservative guys in the house, jim jordan said the only thing worst than the sequester would be not having the savings and you saw mitch mcconnell saying we aren't ending the sequester. people are drawing lines in the sand -- let's try to cut to it. >> it has to be on c-span only then would the president have to say and boehner would say your spending cuts are what? cbs and nbc hasn't done
and going over the fiscal cliff. he is out campaigning. last year he was campaigning and he is not being president. he is not negotiating that he said he was going to be, he is campaigning and/or golfing. where is this story? themaking two cases to republicans and the democrats who listen. i believe we should have the negotiations on the fiscal cliff. that's two things. $500 billion tax increase, the 2001, 2003 tax cuts lapsing and sequestration of spending restraint. it is a good thing, but...
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Dec 6, 2012
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the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours are critical. if he sits back and continues to play politics, that will give you the answer of where we're going. this is the opportunity for the country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we have seen record deficits and a record debt accumu
the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours...
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Nov 29, 2012
11/12
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host: please go ahead with your comment about spending in the fiscal cliff. kip well ok, i'm going to tell you as a native american what the government's done for our people pretty much for 150 years. we've been given a check, barely enough to survive. on the reservation, high poverty, drug, alcohol, suicide rates. i look at the last 50 years and what the government's done for the black man, i've never seen not one public housing complex. you can go down to hud and look at all the little by they girls sitting in their with a baby in one arm and a cell phone and a cigarette in the other -- host: so terry, what's your point? caller: what my point is is that democrats are putting this country into poverty. plain and simple. host: all right, we got your point, thank you for calling in this morning. from politico this morning -- that's from politico this morning, and this is from the hill newspaper -- hagel, a centrist on foreign policy has expressed support for some of the obama administrations recent national security policy. again, that's from the hill reportin
host: please go ahead with your comment about spending in the fiscal cliff. kip well ok, i'm going to tell you as a native american what the government's done for our people pretty much for 150 years. we've been given a check, barely enough to survive. on the reservation, high poverty, drug, alcohol, suicide rates. i look at the last 50 years and what the government's done for the black man, i've never seen not one public housing complex. you can go down to hud and look at all the little by...
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Dec 5, 2012
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that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we should do is immediately and eminently extend the middle class tax cuts. this decisive action will ensure that millions of american families do not see a tax cut. -- a tax hike of $2000 in the next two months. we need a long-term solution. most serious plans recommend about $4 trillion to restore the balance. interest savings revives another $600 billion. brining home our troops from iraq and afganistan brings another $800 billion. this plan will strengthen the economy. it will put us on a stable path forward. it must ramp up over time if we will avoid slowing down the economic recovery. 40% of the long-term growth of federal health programs is due to rising healthcare costs. 40%. 60% is due to americans aging. 10,000 americans turn 65 every day. in fact, each an
that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we should do is immediately and eminently extend the middle class tax cuts. this decisive action will ensure that millions of american families do not see a tax cut. -- a tax hike of $2000 in the next two months. we need a...
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Dec 5, 2012
12/12
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cuts known as the fiscal cliff take effect. bloomberg government and consulting hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen, along with bob corker and mark warner. and then at 9:00 eastern, president obama and house speaker john boehner. they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama administration to respond to the republicans' deficit reduction proposal that was released earlier this week. president obama is at 9:00 eastern and then speaker boehner. at the museum today, florida senator marco rubio sat down with michaelen of "politico." he answered questions about the fiscal cliff. republican outreach to hispanic voters and a potential campaign for president. this is 45 minutes. [applause] >> thank you very much. you had a late night. >> not really. >> is bob still here? what would you like to ask senator rubio? [laughter] >>
cuts known as the fiscal cliff take effect. bloomberg government and consulting hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen, along with bob corker and mark warner. and then at 9:00 eastern, president obama and house speaker john boehner. they also spoke about the fiscal cliff today. the president said republicans might be willing to agree to higher tax rates on the wealthy in january. then the house speaker called on the obama...
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Dec 6, 2012
12/12
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cuts known as the fiscal cliff take effect. bloomberg government hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen as well as republican senator bob corker and senator mark warner. at 9:00 eastern, president obama and house spear jaub boehner and spoke about the fiscal cliff today. republicans might be willing to agree to higher tax rates on the wealthy in january. house speaker calling on the obama administration to respond to the republicans' deficit proposal. president obama is at 9:00 eastern followed by speaker boehner. >> this weekend on c-span 3's american history tv, follow harry truman's eldest grandson to japan. >> everybody has their own view what happened and i don't want to argue survival to anyone in japan about the history. we're past that. and my whole purpose for being here is to listen to the living and to do what i can. >> sunday at 9:00 p.m. eastern on c-span 3. >> the supreme court will look at what was passed in 2008 by a majority of 6-3 i believe and go
cuts known as the fiscal cliff take effect. bloomberg government hosted a discussion this morning with the top democrat on the house budget committee, chris van hollen as well as republican senator bob corker and senator mark warner. at 9:00 eastern, president obama and house spear jaub boehner and spoke about the fiscal cliff today. republicans might be willing to agree to higher tax rates on the wealthy in january. house speaker calling on the obama administration to respond to the...
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Dec 7, 2012
12/12
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host: what happens in the next couple of weeks on the issues we are talking about with the fiscal cliff? would you be ok if we went over it? caller: i would not be happy about it, but yes. what is the answer, raise more taxes? they will just spend it. it will not spend it to knock down the debt. they would just say, more money for us to spend. what is the point? until they come to the table ready to slow down spending and cut out entire agencies. we are a in big 8 -- we are in big trouble. a tweet -- i want to go now to the democratic line, dorothy is waiting from marble falls, texas. caller: good morning. i think they are missing the boat. what i suggest need happen is, it needs to be solved after an immigration level. most countries do have to put up some kind of bank account to bring your family across the border. if we had a family of four trying to sustain a citizenship here, they should go put up some money in the bank account for a couple of years. as long as there are no other children being born, they do not get host: penalized will this solve the fiscal cliff issue we are faci
host: what happens in the next couple of weeks on the issues we are talking about with the fiscal cliff? would you be ok if we went over it? caller: i would not be happy about it, but yes. what is the answer, raise more taxes? they will just spend it. it will not spend it to knock down the debt. they would just say, more money for us to spend. what is the point? until they come to the table ready to slow down spending and cut out entire agencies. we are a in big 8 -- we are in big trouble. a...
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Dec 4, 2012
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that's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that will be in early january. and the tax rate for all americans. in 2001 and 2003 and then extended during the lame duck of 2010, every americans' tax rates were extended out to expire the 31st of december. every tax rate from the lowest to the highest is set to go up. some people see the problem is we're not taxing enough and so that solves the problem. to just go off the fiscal cliff and everyone will be taxed more. some say we don't take from some group and give to the other. some say go to the clinton tax rate. we had a booming economy a
that's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that...
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Nov 30, 2012
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members of his own party some quite comfortable with the sending his party over the fiscal cliff. two 6 ago had a comfortable conversation and the white house. i would say two thanks. despite declines the president supports a balanced approach, the democrats have it to its various a barrel spending cuts. secondly, no progress has been made in the talks over the last a of weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for american leadership. it is the way ticket it done until washington. a mature0 lead and a had a meeting with his secretary. it was frank and d -- it was frank and direct. we saw to find out what the president is really willing to do. i remain hopeful that productive conversations can be made it into the it is ahead. elicited a leadership team met with a risk in bull's and leadership is above the business approach the warehouse as an annoyance. i have made clear that we have made the concessions on the line by putting ravenna's up front. many democrats grow up dozens of booklets that must be part of a sensible
members of his own party some quite comfortable with the sending his party over the fiscal cliff. two 6 ago had a comfortable conversation and the white house. i would say two thanks. despite declines the president supports a balanced approach, the democrats have it to its various a barrel spending cuts. secondly, no progress has been made in the talks over the last a of weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for american...
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Dec 5, 2012
12/12
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speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there were bills that needed to be paid. the speaker of the house, john boehner, said we're not going to expand america's credit card until we get serious about curbing spending. he said, no, mr. president, i will not raise the limit on america's credit card unless you agree to dollar-for-dollar reductions on the spending side of the ledger so that we're not just making the problem worse, we're creating a pathway to solve the problem altogether. i admire the speaker for that. and the speaker and the president agreed on this proposal. it was called the budget cont
speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there...
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Dec 5, 2012
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cliff", which includes extending tax cuts for the middle class and resuming a fight over spending and taxes for the wealthy later. meanwhile, going overseas, nato makes a move on the turkish border with syria. military officials deny preparations for military intervention. protesters in egypt march on the palace as mohamed morsi flees. international and domestic news is all on the table for you this morning as we open up the phone lines. also, send us a tweet. or post your comment on facebook. or send us an e-mail. we will get back to that new york times story. first, some other headlines on the domestic front. here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is the denver post -- open phones before the first 30 minutes. we have a short show because the house is coming in at 9:00. steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to some people, but i feel the good thing wo
cliff", which includes extending tax cuts for the middle class and resuming a fight over spending and taxes for the wealthy later. meanwhile, going overseas, nato makes a move on the turkish border with syria. military officials deny preparations for military intervention. protesters in egypt march on the palace as mohamed morsi flees. international and domestic news is all on the table for you this morning as we open up the phone lines. also, send us a tweet. or post your comment on...
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Nov 30, 2012
11/12
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it's that we spend too much. that's important when we talk about this fiscal cliff, mr. speaker. this is not about a tax issue. this is a spending issue and this is an issue that folks don't have answers to. you and i serve on the budget committee. one of the things i'm most proud of in my two short years in this body is we looked at the tough challenges. the ones that my colleague from virginia described as being tough, tough choices, you're cutting spending. someone's going to be unhappy. probably would have to be a combination of both. we look at those things. we did on the budget committee. and we came up with a solution. we didn't just tell america who to blame. we didn't about how hard it was and how lousy that is for america's children and america's grandchildren. we proposed solutions. it's represented on this chart, mr. speaker. what i have is debt as a percent of fwpped. the federal debt. that's about $16.3 trillion. i go all the way back to world war ii here where debt was 100% of g.d.p. historical debt represented by this gray line, mr. speaker. this red line, just a
it's that we spend too much. that's important when we talk about this fiscal cliff, mr. speaker. this is not about a tax issue. this is a spending issue and this is an issue that folks don't have answers to. you and i serve on the budget committee. one of the things i'm most proud of in my two short years in this body is we looked at the tough challenges. the ones that my colleague from virginia described as being tough, tough choices, you're cutting spending. someone's going to be unhappy....